Oracle Corp. (ORCL) Climbs to All-Time High as Firm Eyes $144-Billion AI Revenue Target in Next 4 Years

We recently published AI Frenzy: 10 Stocks Crushing the Market, 6 Climb to Fresh Highs. Oracle Corp. (NYSE:ORCL) is one of the top performers on Wednesday.

Shares of Oracle Corp. propelled to a new all-time high on Wednesday, as investors took heart from the company’s $144 billion AI revenue target over the next four years.

“We expect Oracle Cloud Infrastructure revenue to grow 77 percent to $18 billion this fiscal year—and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years. Most of the revenue in this 5-year forecast is already booked in our reported RPO. Oracle is off to a brilliant start to FY26,” Oracle Corp. (NYSE:ORCL) CEO Safra Catz said in a statement.

In the first quarter of the year alone, Oracle Corp. (NYSE:ORCL) signed four multi-billion-dollar contracts with three customers, resulting in an RPO contract backlog of $455 billion.

“It was an astonishing quarter, and demand for Oracle Cloud Infrastructure continues to build. Over the next few months, we expect to sign up several additional multi-billion-dollar customers, and RPO is likely to exceed half a trillion dollars,” she added.

For his part, Chairman and CTO Larry Ellison said the company’s MultiCloud database revenues from Amazon, Google, and Microsoft alone grew at an incredible rate of 1,528 percent in the first quarter, adding that he expects the company to grow substantially every quarter in the next few years amid the targeted delivery of another 37 data centers to three of its hyperscaler partners.

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Disclosure: None. This article is originally published at Insider Monkey.